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Message Board >
Cryptocurrency price
Cryptocurrency price
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1
Guest
Guest
Aug 31, 2024
8:54 AM
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Hello everyone, can anyone explain how the price of cryptocurrency is formed and how it can be determined?
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Damian
Guest
Aug 31, 2024
8:57 AM
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Hello, the main and logical factor is the ratio of supply and demand. The rate will grow in conditions of increasing demand for a specific coin. Accordingly, if demand falls, then the price will begin to fall, becoming more attractive to a potential investor. At this point, it is important to determine the prospects of the project and the need to invest your own funds. You can view the current price of any cryptocurrency at any time, for this you can simply visit any crypto exchanger, for example, the service at https://www.trustchange.com/ always shows the current rate of all cryptocurrencies.
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